Lily Tran Tax @lilytrantax
Working mother of two sharing the most memorable moments in business, taxes, and finances. Washington, USA Joined May 2012-
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Entrepreneurs don’t talk about this: when I’m sick with a fever, I can’t fully rest because my mind won’t stop thinking about work. Deadlines, emails, clients; they don’t pause, and neither does my focus.
I’m excited to share that I’m currently working on an audiobook version of the Tax Myth Buster Don’t Fall Prey to These Tax Misconceptions: Exposing the Truths about the Top Tax Myths! It will be released soon (after Oct 15th) so stay tuned for updates.
I’ve come to realize that I enjoy having a small team, and at this time, I don’t see myself wanting to expand further. Our office is the perfect size for us, and our small but mighty team has the capacity to handle new clients without needing to grow.
The Most Common Tax Mistakes Made by Small Businesses featured on the Wall of Book Cover in Issaquah, WA!
I've been spending more time around bookkeepers, accountants, and CPAs lately, and I’ve really enjoyed their company. This has been pulling me back to my first love and the foundation of my entrepreneurial journey.
This year, I’ve focused on protecting my time. I now run new ideas by the team to see if they align with our mission and values. Saying no more often has helped us stay focused and grow in the right ways.
Want to Publish a Book? I Can Help. If you’ve been thinking about writing or publishing a book, I’d be happy to walk you through the process, whether you’re just starting or ready to hit publish. Feel free to reach out!
I came from a firm that charged per form. I’d heard of hourly billing but hadn’t seen it in practice until now. I switched from per form pricing to value-based pricing when Schedules 1, 2, and 3 came out. It’s always interesting to see how firms price their services.
I’ve been focusing more on working on the business rather than in the business.
Client win! 🙌 After years of IRS debt + penalties, a new client followed my simple tax tips and this year, she got a small refund! 💸 Her reaction? Priceless. Referrals rolled in, and she left with business cards to share. Moments like this is why I love what I do. Happy Friday!
#TaxTwitter I’m going to Seattle this month, how about you?
#TaxTwitter I’m going to Seattle this month, how about you?
I've been sitting here for an hour comparing the tax return with the balance sheet, trying to figure out why they didn’t match. I finally realized I was comparing the end of 2023 return with the 2024 balance sheet. It's definitely time to go home.
I haven’t uploaded a YouTube video since June, but I’ve still been slowly gaining new subscribers which has been encouraging. Now, the challenge is finding the time to record the content again. Yesterday, I had 5 consults, reviewed 2 tax returns and read with my daughter.
You know you have an awesome admin team when they share what they've learned about OB3 and are excited to dive into the tax bill!
Tax conference or snuggle with my daughter? Tax conference or snuggle with my daughter? Tax conference or snuggle with my daughter? Decisions, decisions, decisions… Decided to snuggle with my daughter first then attend the 2nd hour of CE class.
Mark your calendar: @Tax_Experts is having their 2026 Tax Summit in New Orleans from July 27-29!!
Finally built a system that allows me to take a real vacation with no stress. If you're leading a team or running a business, Who Not How and Clockwork are must-reads. They've completely changed how I think about systems and delegation.
Until next time, @taxretreat on to Wyoming…

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